Targa Resources Corp. (TRGP)

NYSE: TRGP · IEX Real-Time Price · USD
112.23
-1.84 (-1.61%)
Apr 17, 2024, 4:00 PM EDT - Market closed
-1.61%
Market Cap 24.98B
Revenue (ttm) 16.06B
Net Income (ttm) 835.80M
Shares Out 222.54M
EPS (ttm) 3.66
PE Ratio 30.66
Forward PE 19.87
Dividend $2.25 (2.01%)
Ex-Dividend Date Apr 29, 2024
Volume 1,897,201
Open 114.27
Previous Close 114.07
Day's Range 111.81 - 114.40
52-Week Range 67.36 - 117.61
Beta 2.22
Analysts Strong Buy
Price Target 114.53 (+2.05%)
Earnings Date May 2, 2024

About TRGP

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petr... [Read more]

Sector Energy
IPO Date Dec 7, 2010
Employees 3,182
Stock Exchange NYSE
Ticker Symbol TRGP
Full Company Profile

Financial Performance

In 2023, TRGP's revenue was $16.06 billion, a decrease of -23.27% compared to the previous year's $20.93 billion. Earnings were $835.80 million, a decrease of -6.80%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for TRGP stock is "Strong Buy." The 12-month stock price forecast is $114.53, which is an increase of 2.05% from the latest price.

Price Target
$114.53
(2.05% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2024 Earnings Webcast

HOUSTON, April 11, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its board of directors has declared an increase to its quarterly cash div...

6 days ago - GlobeNewsWire

Top 3 US oil stocks to buy in April as crude prices surge

The crude oil price has been on a winning streak lately, with brent crude oil reaching a high of over $91 per barrel today, its highest price since October last year. All in all, the crude oil price h...

Other symbols: MPCXOM
12 days ago - Invezz

Targa Resources Corp. to Participate in J.P. Morgan Midwest Utilities & Midstream 1x1 Forum

HOUSTON, March 26, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at...

22 days ago - GlobeNewsWire

Morgan Stanley upgrades energy stocks to overweight

The Investment Committee give you their energy playbook after Morgan Stanley upgraded the sector to overweight.

Other symbols: XLEFANG
23 days ago - CNBC Television

With second-quarter results around the corner, here are the stocks that analysts like the most

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4 weeks ago - Market Watch

Targa Resources Corp. to Participate in Morgan Stanley Energy & Power Conference

HOUSTON, March 01, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at...

6 weeks ago - GlobeNewsWire

Targa Resources Corp. to Participate in THRIVE Energy Conference by Daniel Energy Partners

HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at ...

2 months ago - GlobeNewsWire

Targa Resources Corp. Announces Form 10-K Available

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("TRGP" or the "Company" or "Targa") has filed its Form 10-K with the Securities and Exchange Commission (SEC) for the yea...

2 months ago - GlobeNewsWire

Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2023 Financial Results and Provides Outlook for 2024 and Positioning in 2025

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported fourth quarter and full year 2023 results.

2 months ago - GlobeNewsWire

Six Stocks Wall Street Loves for Valentine's Day

What could be a better gift than a list of Wall Street's favorite stocks?

Other symbols: AMZNDALMSFTNISLB
2 months ago - Barrons

Targa Resources Corp. to Participate in U.S. Capital Advisors Midstream Corporate Access Day

HOUSTON, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at ...

3 months ago - GlobeNewsWire

Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2023 Earnings Webcast

HOUSTON, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the fourth quarter of 2023.

3 months ago - GlobeNewsWire

Best Oil Stocks to Buy for 2024 and Beyond

Higher prices for crude, lower interest rates and industry consolidation bodes well for Wall Street's top oil stocks.

Other symbols: COPCVXFANGHALMROOVVPR
4 months ago - Kiplinger

Targa Resources Corp. to Participate in Investor Conferences

HOUSTON, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at ...

4 months ago - GlobeNewsWire

Targa Resources Corp. to Participate in BofA Securities Global Energy Conference

HOUSTON, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at ...

5 months ago - GlobeNewsWire

Energy Stocks Look Tempting. Don't Take the Bait.

Investors weren't willing to give energy stocks valuation multiples anywhere near the market average in 2023, and they won't do it in a slowing economy.

Other symbols: FANGRRCSWN
5 months ago - Barrons

8 Stocks That Hit the Trifecta: Growth, Value, and Momentum

Upstream oil and gas producers, Charter Communications, and Jabil pass a Barron's stock screen.

Other symbols: CECHTRFANGJBLNRGRRCSWN
5 months ago - Barrons

Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes

HOUSTON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP), announced today the pricing of an underwritten public offering (the “Offering”) of $1.0 billio...

5 months ago - GlobeNewsWire

Targa Resources Corp. Reports Third Quarter 2023 Financial Results and Announces Expectations for a 50% Year-Over-Year Increase to 2024 Common Dividend

HOUSTON, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported third quarter 2023 results.

6 months ago - GlobeNewsWire

Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2023 Earnings Webcast

HOUSTON, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the third quarter of 2023.

6 months ago - GlobeNewsWire

Targa Resources Corp. Releases Sustainability Report

HOUSTON, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2022 is now available on the Company's websi...

6 months ago - GlobeNewsWire

Targa Resources Corp. to Participate in Wolfe Research Utilities, Midstream and Clean Energy Conference

HOUSTON, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at...

7 months ago - GlobeNewsWire

Best High-Growth Stocks to Buy

High-growth stocks have been on a roller-coaster ride in recent years, but they remain solid long-term investment options.

8 months ago - Kiplinger

Targa Resources Corp. Reports Second Quarter 2023 Financial Results

HOUSTON, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported second quarter 2023 results.

9 months ago - GlobeNewsWire

Targa Resources Corp. Announces Quarterly Dividend and Timing of Second Quarter 2023 Earnings Webcast

HOUSTON, July 13, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the second quarter of 2023.

9 months ago - GlobeNewsWire